George Fotion's Market Report
Redondo Beach, CA 90277
Single-Family Homes
Call Realty | www.BestPalosVerdesHomes.com | (424) 722-9136
Redondo Beach, CA 90277
Sun May 11 2025
This week the median list price for Redondo Beach, CA 90277 is $3,275,000 with the market action index hovering around 58. This is less than last month's market action index of 63. Inventory has increased to 24.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market Narrative
Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.
Real-Time Market Profile
| Median List Price | $3,275,000 | |
| Median Price of New Listings | $1,995,000 | |
| Per Square Foot | $1,066 | |
| Average Days on Market | 57 | |
| Median Days on Market | 25 | |
| Price Decreased | 21% | |
| Price Increased | 0% | |
| Relisted | 4% | |
| Inventory | 24 | |
| Median Rent | ||
| Market Action | 58 | |
| Strong Seller's Market | ||
Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $4,635,000 | 4,255 | 6,500 - 8,000 sqft | 4 | 4.3 | 28 | 0 | 0 | 70 |
| $3,447,000 | 3,473 | 4,500 - 6,500 sqft | 5 | 4 | 27 | 0 | 0 | 59 |
| $2,625,000 | 2,277 | 4,500 - 6,500 sqft | 4 | 2 | 70 | 2 | 1 | 14 |
| $1,737,000 | 1,764 | 0 - 4,500 sqft | 4 | 2.5 | 72 | 3 | 3 | 7 |